LG Energy Solution's US unit secures a $1.6B deal to supply 1.5GW/6GWh battery cells for DTE Energy's Michigan storage projects, driving shares up 15.25%.
Samsung SDI has signed a multiyear agreement to supply high-performance NCM batteries for Mercedes-Benz's next-generation EVs. The deal, signed in Seoul with both CEOs present, marks the first EV battery supply partnership between the companies. Mercedes-Benz plans to use the batteries in compact and midsize electric SUVs and coupe models, with both companies also agreeing to expand cooperation in future mobility and next-generation battery technologies.
